Bankruptcy Exemption Citations
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← Colorado Insurance — Life, Disability Exemptions

Exemption: Disability benefits to $200 per month; if receive lump sum, entire amount exempt

Citation: Stat. - Colo. Rev. Stat. § 10-16-212

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Colo. Rev. Stat. § 10-16-212:
Health Care Coverage

Article 16. Health Care Coverage (Refs & Annos)

Part 2. Sickness and Accident Insurance (Refs & Annos)

� 10-16-212. Exemption from attachment and execution

So much of any benefits under all policies of sickness and accident insurance as does not exceed two hundred dollars for each month during any period of disability covered by such policy shall not be liable to attachment, trustee process, or other process, or to be seized, taken, appropriated, or applied by any legal or equitable process or by operation of law, either before or after payment of such benefits, to pay any debt or liabilities of the person insured under such policy. This exemption shall not apply where an action is brought to recover for necessaries contracted for during such period and the writ or complaint contains a statement to that effect. When a policy provides for a lump sum payment because of a dismemberment or other loss insured, such payment shall be exempt from execution by the insured's creditors.
Last Amended: 1992

1992
Reenacted by Laws 1992, S.B.92-104, � 1, eff. July 1, 1992.
Source: L. 92: Entire article R&RE, p. 1672, § 1, effective July 1.
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50 State Insurance — Life, Disability Exemptions